Secaucus rental residential building Xchange is opening on Sunday

A rental community on Riverside Station Boulevard that the developer is billing as an alternative to higher-priced rentals in New York City opens Sunday.

“Manhattan has already seen rents rise between 14 and 23 percent in 2012,” said Mike Railey, the property manager for Xchange, which will consist of 317 luxury apartments. “Here, on the other hand, residents get twice the space for half the rent of the Big Apple.”

The Frank R. Lautenberg Secaucus Junction train Station is within walking distance from the development, according to Railey, adding the train ride into Manhattan is 10 minutes.

Outdoor amenities include an amphitheater, children’s play area, and walking and biking trails, according to a press release.

There’s also 28,000 square feet of retail space in the development’s first building.

Rental prices range from $1,825 per month for a one-bedroom, one-bath apartment, to $2,640 per month for a three-bedroom, two-bathroom unit.